Centene Total Assets vs Long Term Investments Analysis

CNC Stock

USD 74.00 1.68 2.22%

Centene Corp financial indicator trend analysis is way more than just evaluating Centene Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centene Corp is a good investment. Please check the relationship between Centene Corp Total Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

Total Assets vs Long Term Investments

Total Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centene Corp Total Assets account and Long Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Centene Corp's Total Assets and Long Term Investments is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Centene Corp, assuming nothing else is changed. The correlation between historical values of Centene Corp's Total Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Centene Corp are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Assets i.e., Centene Corp's Total Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Centene Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Centene Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Investments

Long Term Investments is an item on the asset side of Centene Corp balance sheet that represents investments Centene Corp intends to hold for over a year. Centene Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Centene Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 14.68, whereas Discontinued Operations is forecasted to decline to about 1.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	14.2B	16.7B	31.5B	33.1B
Total Revenue	126.0B	144.5B	154.0B	161.7B

Gross Profit Total Revenue

Centene Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Common Stock Shares Outstanding	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.99	0.99	0.7	0.99	0.88	0.73	0.99	0.97	1.0	0.81	1.0	0.98	0.89	0.91	0.98	0.91	0.97	0.99	0.97	0.99	0.99	0.98	-0.86	0.64	0.96
Short Long Term Debt Total	0.99		0.98	0.75	0.98	0.83	0.76	1.0	0.97	0.98	0.84	0.98	0.94	0.89	0.94	0.94	0.85	0.97	1.0	0.97	0.96	0.97	0.94	-0.9	0.55	0.94
Total Stockholder Equity	0.99	0.98		0.76	1.0	0.84	0.78	0.99	0.99	0.99	0.83	0.99	0.96	0.92	0.93	0.95	0.88	0.95	0.98	0.95	0.97	0.99	0.95	-0.88	0.58	0.97
Net Debt	0.7	0.75	0.76		0.79	0.3	0.79	0.78	0.84	0.67	0.81	0.71	0.57	0.8	0.85	0.55	0.37	0.56	0.75	0.57	0.62	0.8	0.6	-0.73	-0.07	0.6
Non Current Assets Total	0.99	0.98	1.0	0.79		0.81	0.79	0.99	0.99	0.98	0.85	0.99	0.95	0.93	0.94	0.94	0.85	0.93	0.98	0.94	0.97	1.0	0.95	-0.87	0.53	0.94
Non Currrent Assets Other	0.88	0.83	0.84	0.3	0.81		0.52	0.81	0.75	0.9	0.52	0.87	0.94	0.71	0.67	0.95	0.97	0.93	0.83	0.93	0.92	0.8	0.9	-0.69	0.9	0.9
Other Assets	0.73	0.76	0.78	0.79	0.79	0.52		0.78	0.83	0.7	0.74	0.7	0.62	0.94	0.88	0.61	0.48	0.65	0.76	0.64	0.66	0.78	0.57	-0.72	0.15	0.71
Non Current Liabilities Total	0.99	1.0	0.99	0.78	0.99	0.81	0.78		0.98	0.98	0.84	0.98	0.94	0.91	0.95	0.94	0.84	0.95	1.0	0.96	0.96	0.98	0.94	-0.89	0.52	0.93
Other Stockholder Equity	0.97	0.97	0.99	0.84	0.99	0.75	0.83	0.98		0.95	0.86	0.96	0.91	0.94	0.96	0.9	0.8	0.9	0.97	0.9	0.93	0.99	0.91	-0.88	0.46	0.93
Total Liab	1.0	0.98	0.99	0.67	0.98	0.9	0.7	0.98	0.95		0.79	1.0	0.99	0.87	0.89	0.99	0.93	0.97	0.98	0.98	1.0	0.98	0.98	-0.85	0.67	0.96
Common Stock Shares Outstanding	0.81	0.84	0.83	0.81	0.85	0.52	0.74	0.84	0.86	0.79		0.81	0.73	0.79	0.9	0.71	0.59	0.74	0.84	0.74	0.75	0.84	0.73	-0.8	0.2	0.75
Other Current Liab	1.0	0.98	0.99	0.71	0.99	0.87	0.7	0.98	0.96	1.0	0.81		0.98	0.88	0.9	0.98	0.91	0.96	0.98	0.96	0.99	0.98	0.98	-0.86	0.63	0.94
Total Current Liabilities	0.98	0.94	0.96	0.57	0.95	0.94	0.62	0.94	0.91	0.99	0.73	0.98		0.82	0.82	1.0	0.97	0.97	0.94	0.98	1.0	0.95	0.99	-0.8	0.76	0.95
Other Liab	0.89	0.89	0.92	0.8	0.93	0.71	0.94	0.91	0.94	0.87	0.79	0.88	0.82		0.92	0.81	0.71	0.81	0.89	0.81	0.85	0.93	0.79	-0.77	0.39	0.86
Property Plant And Equipment Net	0.91	0.94	0.93	0.85	0.94	0.67	0.88	0.95	0.96	0.89	0.9	0.9	0.82	0.92		0.82	0.68	0.86	0.94	0.86	0.85	0.93	0.8	-0.92	0.31	0.86
Retained Earnings	0.98	0.94	0.95	0.55	0.94	0.95	0.61	0.94	0.9	0.99	0.71	0.98	1.0	0.81	0.82		0.97	0.98	0.94	0.98	0.99	0.93	0.99	-0.81	0.77	0.95
Accounts Payable	0.91	0.85	0.88	0.37	0.85	0.97	0.48	0.84	0.8	0.93	0.59	0.91	0.97	0.71	0.68	0.97		0.93	0.85	0.94	0.95	0.85	0.95	-0.68	0.88	0.92
Cash	0.97	0.97	0.95	0.56	0.93	0.93	0.65	0.95	0.9	0.97	0.74	0.96	0.97	0.81	0.86	0.98	0.93		0.97	1.0	0.97	0.92	0.95	-0.85	0.72	0.95
Long Term Debt	0.99	1.0	0.98	0.75	0.98	0.83	0.76	1.0	0.97	0.98	0.84	0.98	0.94	0.89	0.94	0.94	0.85	0.97		0.97	0.96	0.97	0.94	-0.9	0.55	0.94
Cash And Short Term Investments	0.97	0.97	0.95	0.57	0.94	0.93	0.64	0.96	0.9	0.98	0.74	0.96	0.98	0.81	0.86	0.98	0.94	1.0	0.97		0.98	0.93	0.96	-0.85	0.72	0.96
Net Receivables	0.99	0.96	0.97	0.62	0.97	0.92	0.66	0.96	0.93	1.0	0.75	0.99	1.0	0.85	0.85	0.99	0.95	0.97	0.96	0.98		0.96	0.99	-0.83	0.71	0.95
Good Will	0.99	0.97	0.99	0.8	1.0	0.8	0.78	0.98	0.99	0.98	0.84	0.98	0.95	0.93	0.93	0.93	0.85	0.92	0.97	0.93	0.96		0.95	-0.86	0.53	0.94
Short Term Investments	0.98	0.94	0.95	0.6	0.95	0.9	0.57	0.94	0.91	0.98	0.73	0.98	0.99	0.79	0.8	0.99	0.95	0.95	0.94	0.96	0.99	0.95		-0.8	0.73	0.93
Inventory	-0.86	-0.9	-0.88	-0.73	-0.87	-0.69	-0.72	-0.89	-0.88	-0.85	-0.8	-0.86	-0.8	-0.77	-0.92	-0.81	-0.68	-0.85	-0.9	-0.85	-0.83	-0.86	-0.8		-0.38	-0.84
Other Current Assets	0.64	0.55	0.58	-0.07	0.53	0.9	0.15	0.52	0.46	0.67	0.2	0.63	0.76	0.39	0.31	0.77	0.88	0.72	0.55	0.72	0.71	0.53	0.73	-0.38		0.71
Property Plant And Equipment Gross	0.96	0.94	0.97	0.6	0.94	0.9	0.71	0.93	0.93	0.96	0.75	0.94	0.95	0.86	0.86	0.95	0.92	0.95	0.94	0.96	0.95	0.94	0.93	-0.84	0.71

Click cells to compare fundamentals

Centene Corp Account Relationship Matchups

Centene Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.0B	68.7B	78.4B	76.9B	84.6B	88.9B
Short Long Term Debt Total	13.7B	16.8B	18.8B	18.0B	17.8B	18.7B
Total Stockholder Equity	12.6B	25.8B	26.8B	24.1B	25.8B	27.1B
Net Debt	1.6B	6.0B	5.7B	5.9B	636M	831.5M
Non Current Assets Total	20.7B	45.3B	49.9B	46.7B	43.9B	46.1B
Non Currrent Assets Other	1.9B	1.5B	3.5B	2.2B	6.1B	6.4B
Other Assets	1.2B	2.7B	4.8B	1.2B	1.4B	1.5B
Liabilities And Stockholders Equity	41.0B	68.7B	78.4B	76.9B	84.6B	88.9B
Non Current Liabilities Total	15.4B	21.2B	25.6B	24.2B	22.0B	23.1B
Other Stockholder Equity	7.4B	18.6B	18.6B	15.8B	14.4B	15.2B
Total Liab	28.3B	42.8B	51.4B	52.6B	58.7B	61.6B
Common Stock Shares Outstanding	420.4M	579.1M	590.5M	582.0M	545.7M	293.9M
Other Current Liab	8.3B	13.9B	16.6B	18.4B	18B	18.9B
Total Current Liabilities	12.9B	21.6B	25.8B	28.5B	36.7B	38.6B
Other Liab	1.1B	4.5B	7.0B	3.1B	3.6B	3.7B
Property Plant And Equipment Net	2.1B	2.8B	3.4B	2.4B	2.0B	2.1B
Retained Earnings	5.0B	6.8B	8.1B	9.3B	12.0B	12.6B
Accounts Payable	4.2B	7.1B	8.5B	9.5B	17.9B	18.8B
Cash	12.1B	10.8B	13.1B	12.1B	17.2B	18.1B
Long Term Debt	13.6B	16.7B	18.6B	17.9B	17.7B	18.6B
Cash And Short Term Investments	13.0B	12.4B	14.7B	14.4B	19.7B	20.6B
Net Receivables	6.2B	9.7B	12.2B	13.3B	15.5B	16.3B
Good Will	6.9B	18.7B	19.8B	18.8B	17.6B	18.4B
Short Term Investments	863M	1.6B	1.5B	2.3B	2.5B	2.6B
Other Current Assets	1.1B	1.3B	1.6B	2.5B	40.8B	42.8B
Property Plant And Equipment Gross	2.1B	4.1B	3.4B	2.4B	4.4B	4.6B
Total Current Assets	20.3B	23.4B	28.5B	30.1B	40.8B	42.8B
Accumulated Other Comprehensive Income	134M	337M	77M	(1.1B)	(652M)	(619.4M)
Intangible Assets	2.1B	8.4B	7.8B	6.9B	6.1B	6.4B
Common Stock	4.3B	7.4B	0.0	1M	1.2M	1.1M
Property Plant Equipment	2.1B	2.8B	3.4B	2.4B	2.8B	2.9B
Current Deferred Revenue	383M	523M	434M	478M	715M	750.8M
Short Term Debt	88M	97M	267M	82M	119M	125.0M
Treasury Stock	(214M)	(816M)	(1.1B)	(4.2B)	(3.8B)	(3.6B)
Net Tangible Assets	3.7B	(1.2B)	(800M)	(1.6B)	(1.4B)	(1.4B)
Noncontrolling Interest In Consolidated Entity	108M	112M	145M	124M	142.6M	149.7M
Retained Earnings Total Equity	5.0B	6.8B	8.1B	9.3B	10.7B	11.3B

Centene Corp Investors Sentiment

The influence of Centene Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Centene. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Centene Corp's public news can be used to forecast risks associated with an investment in Centene. The trend in average sentiment can be used to explain how an investor holding Centene can time the market purely based on public headlines and social activities around Centene Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Centene Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Centene Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Centene Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Centene Corp.

Centene Corp Implied Volatility

69.57

Centene Corp's implied volatility exposes the market's sentiment of Centene Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Centene Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Centene Corp stock will not fluctuate a lot when Centene Corp's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centene Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centene Corp's short interest history, or implied volatility extrapolated from Centene Corp options trading.

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Centene Stock

0.65	CVS	CVS Health Corp Sell-off Trend	Pair Corr
0.61	DHR	Danaher	Pair Corr
0.68	IDXX	IDEXX Laboratories Financial Report 7th of May 2024	Pair Corr

Moving against Centene Stock

0.7	ACB	Aurora Cannabis Sell-off Trend	Pair Corr
0.6	CGC	Canopy Growth Corp Financial Report 27th of June 2024	Pair Corr
0.55	ELYM	Eliem Therapeutics Upward Rally	Pair Corr

The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.

The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:

How To Invest In Centene

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Is Centene Stock a good investment?

Details

What is Centene Corp's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Centene Stock analysis

When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.

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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.32)

Earnings Share

4.95

Revenue Per Share

260.006

Quarterly Revenue Growth

0.056

Return On Assets

0.037

The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Centene Total Assets vs Long Term Investments Analysis

Total Assets vs Long Term Investments

Total Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Investments

Centene Corp fundamental ratios Correlations

Centene Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Centene Corp fundamental ratios Accounts

Centene Corp Investors Sentiment

Centene Corp Implied Volatility

Pair Trading with Centene Corp

Moving together with Centene Stock

Moving against Centene Stock

Complementary Tools for Centene Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Other Current Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Good Will	+ 1.0	Non Current Assets Total

Inventory	- 0.92	Property Plant And Equipment Net
Inventory	- 0.9	Long Term Debt
Inventory	- 0.9	Short Long Term Debt Total
Inventory	- 0.89	Non Current Liabilities Total
Inventory	- 0.88	Other Stockholder Equity
Inventory	- 0.88	Total Stockholder Equity